Animoca Brands co-founder Yat Siu stated in an interview that the crypto industry is at a turning point, similar to the turning point he observed when the internet first transformed business in the 1990s. The first part of the large-scale adoption of cryptocurrencies by 2025 is the adoption of stablecoins, and the next step is to more broadly expand memecoins across the entire blockchain ecosystem.

Yat Siu said: "I expect memecoins to launch their own L1 or L2. They are no longer just tokens; they are building communities and ecosystems. Memecoins are essentially cultural symbols. They are capturing people's attention and building narratives that resonate with people beyond financial speculation."